Civic Intelligence

Bedford-Stuyvesant New Beginnings Charter School

990 • Fiscal year 2014 • EIN 27-1993286

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 07, 2014

Organization ProfileWWW.BSNBCS.ORG

View Organization Page

82 Lewis Avenue11206

(718) 453-1001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.29x

Higher debt load relative to assets than 97% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

70th percentile

0.49x

Higher debt load relative to revenue than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

60th percentile

5.8%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

62nd percentile

$144,032

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

89th percentile

32%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$2,694,826

Up $650,615 (+32%) from 2013

Net Assets

Up

-$783,584

Up $418,343 (+35%) from 2013

Liabilities

Up

$3,478,410

Up $232,272 (+7.2%) from 2013

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin60th percentile

Revenue

$7,162,111

No earlier filing loaded for comparison.

Expenses

Up

$6,743,768

Up $981,178 (+17%) from 2013

Net Income

$418,343

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2013: $2,044,211Liabilities 2013: $3,246,138Net Assets 2013: -$1,201,9272013Assets 2014: $2,694,826Liabilities 2014: $3,478,410Net Assets 2014: -$783,5842014Assets 2015: $3,238,879Liabilities 2015: $3,276,779Net Assets 2015: -$37,9002015Assets 2016: $4,090,911Liabilities 2016: $3,580,870Net Assets 2016: $510,0412016Assets 2017: $4,323,576Liabilities 2017: $3,569,443Net Assets 2017: $754,1332017Assets 2018: $4,126,821Liabilities 2018: $3,943,196Net Assets 2018: $183,6252018Assets 2019: $4,164,668Liabilities 2019: $4,326,587Net Assets 2019: -$161,9192019Assets 2020: $6,706,876Liabilities 2020: $6,528,166Net Assets 2020: $178,7102020Assets 2021: $7,126,356Liabilities 2021: $6,325,529Net Assets 2021: $800,8272021Assets 2022: $9,831,833Liabilities 2022: $4,510,422Net Assets 2022: $5,321,4112022Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2014

Assets$2,694,826
Liabilities$3,478,410
Net Assets-$783,584
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2013: $5,762,5902013Revenue 2014: $7,162,111Expenses 2014: $6,743,768Net Income 2014: $418,3432014Revenue 2015: $8,972,498Expenses 2015: $8,226,814Net Income 2015: $745,6842015Revenue 2016: $10,683,616Expenses 2016: $10,135,675Net Income 2016: $547,9412016Revenue 2017: $12,192,334Expenses 2017: $11,948,242Net Income 2017: $244,0922017Revenue 2018: $13,102,810Expenses 2018: $13,673,318Net Income 2018: -$570,5082018Revenue 2019: $14,744,987Expenses 2019: $15,090,531Net Income 2019: -$345,5442019Revenue 2020: $15,320,431Expenses 2020: $14,979,802Net Income 2020: $340,6292020Revenue 2021: $16,606,341Expenses 2021: $15,984,224Net Income 2021: $622,1172021Revenue 2022: $22,723,116Expenses 2022: $18,202,532Net Income 2022: $4,520,5842022Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2014

Revenue$7,162,111
Expenses$6,743,768
Net Income$418,343
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 7, 2014
Return Version
2013v3.0
Gross Receipts
$7,162,111
Mission and Program Overview

Mission

At the bedford stuyvesant new beginnings charter school, families, educators and community members join together to create a supportive and rigorous academic environment for all students. Through the pursuit of 21st-century learning, project-based & service learning, and traditional coursework, students will be prepared to succeed in academically competitive schools as well as become responsible citizens of the global community.

A school where student achievement is anchored in a fundamental approach to learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,820,926$1,875,215▲ $54,289
Pledges and Grants Receivable$45,825$303,005▲ $257,180
Savings and Temporary Cash Investments$2,488$245,574▲ $243,086
Cash and Non-Interest-Bearing Accounts$60,403$58,683▼ $1,720
Prepaid Expenses and Deferred Charges$35,433$57,416▲ $21,983
Accounts Receivable$1,607$0▼ $1,607
Total Assets$2,044,211$2,694,826▲ $650,615
Other Assets Total$77,529$154,933▲ $77,404
Liabilities
Other Liabilities$2,019,293$2,457,279▲ $437,986
Accounts Payable and Accrued Expenses$1,152,415$965,786▼ $186,629
Deferred Revenue$24,430$55,345▲ $30,915
Unsecured Notes Loans Payable$50,000$0▼ $50,000
Total Liabilities$3,246,138$3,478,410▲ $232,272
Net Assets / Fund Balance
Unrestricted Net Assets$-1,201,927$-783,584▲ $418,343
Total Net Assets Fund Balance$-1,201,927$-783,584▲ $418,343
Total Liabilities and Net Assets / Fund Balance$2,044,211$2,694,826▲ $650,615

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,486,569$321,235$1,807,804
Equipment$221,055$250,285$471,340
Other Land Buildings$167,591$97,269$264,860
Other Assets Org$75,088--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen JonesAcademic LeaderFT$136,833$7,199$144,032

Board Members and Trustees

NameTitle
Joseph SciameBoard Chair
Patricia BramwellVice Chair
Cecelia RussoTrustee
Kevin NesbittTrustee
Leticia GreenTrustee
Marlena MondesirTrustee
Victor Rivera JrSecretary
Angel CharriezTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gabriel Associates INCContractor Services-$340,000
Charter School Business ManagementFinancial Consultant Services-$163,535
Antares Venture SolutionsConsulting Services-$133,496
Revenue and Support

Revenue Composition

Contributions and Grants
$514,434
Program Service Revenue
$6,638,830
Investment Income
$740
Other Revenue
$8,107
All Other Contributions
$13,536
Change in Net Assets
$418,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,162,111
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,162,111
Total Revenue per Form 990
$7,162,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,663,726
Other Expenses$3,080,042
Total Fundraising Expense$18,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,464,278$424,612$6,394$2,895,284
Occupancy$1,312,888$229,626-$1,542,514
Fees for Services Other$457,400$206,953$8,506$672,859
Payroll Taxes$246,475$42,470$639$289,584
Depreciation Depletion$244,621$42,785-$287,406
Other Employee Benefits$243,677$41,988$632$286,297
Current Officers, Directors, Trustees, and Key Employees$124,647$21,478$323$146,448
Information Technology$67,644$13,755$176$81,575
Office Expenses$34,381$32,091$1,130$67,602
Pension Plan Contributions$39,248$6,763$102$46,113
Insurance$32,186$5,630-$37,816
Fees for Services Accounting-$23,158-$23,158
Advertising$9,232$5,565$557$15,354
All Other Expenses$9,170$5,557-$14,727
Other Expenses$12,927--$12,927
Interest$401$71-$472
Total Functional Expenses$5,622,807$1,102,502$18,459$6,743,768

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,743,768
Total Expenses per Audited Statements$6,743,768
Total Expenses per Form 990$6,743,768
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joshua MoralesFormer Acting Executive DirectorTHE SCHOOL ENTERED INTO AN AGREEMENT WITH ANTARES VENTURE SOLUTIONS TO PROVIDE PROFESSIONAL SERVICES. JOSHUA MORALES, IS THE CHIEF EXECUTIVE OFFICER AND OWNER OF ANTARES VENTURES SOLUTIONS AND FORMER ACTING EXECUTIVE DIRECTOR OF THE SCHOOL. THE AGREEMENT WAS FOR PROFESSIONAL SERVICES TO BE PROVIDED BY JOSHUA MORALES IN HIS ROLE AS THE ACTING EXECUTIVE DIRECTOR OF THE SCHOOOL. THIS AGREEMENT IS REVIEWED ANNUALLY AND MAY BE RENEWED BY THE SCHOOL'S BOARD OF TRUSTEES.No$168,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$2,457,279
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by management. If changes are required, the school will then forward to the auditing firm and a final version will be distributed to all the board members prior to the irs submission.”

Form 990, Part VI, Section B, Line 12C

“The organization shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest exists.”

Form 990, Part VI, Section B, Line 15

“Comparable data is used by the board when determining the compensation of officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Upon request, the organization makes available to the public its governing documents, conflict of interest policy, and financial statements.”

Filing and Contact Details

Filer

EIN
27-1993286
Phone
7184531001

Signing Officer

Name
Joseph Sciame
Title
Board Chair
Phone
7184531001
Signed
2014-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Sciame
Formed
2010
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
75
Volunteers
0

Preparer

Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“The school has a finance committee that is responsible for oversight of the audit and selection of the independant auditor.”

Financial Statement Notes

PART X, LINE 2:

“The school's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more than likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The school has no uncertain tax position resulting in an accrual of tax expense or benefit.”

Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LandBldgEquipCostOrOtherBssAmt02544004
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE SCHOOL PROVIDES AN ALL-INCLUSIVE ENVIRONMENT THAT PROMOTES DIVERSE LEARNING FOR ALL STUDENTS AND PROMOTES ACADEMIC AND CIVIC ACHIEVEMENTS, RANGING FROM THE FUNDAMENTALS OF FINE ARTS, MUSIC, THEATRE, PHYSICAL EDUCATION, AND TECHNOLOGY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1201927
IRS990/NetAssetsOrFundBalancesEOYAmt0-783584
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0229626
IRS990/OccupancyGrp/ProgramServicesAmt01312888
IRS990/OccupancyGrp/TotalAmt01542514
IRS990/OfficeExpensesGrp/FundraisingAmt01130
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032091
IRS990/OfficeExpensesGrp/ProgramServicesAmt034381
IRS990/OfficeExpensesGrp/TotalAmt067602
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt077529
IRS990/OtherAssetsTotalGrp/EOYAmt0154933
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0632
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt041988
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0243677
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0286297
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3STAFF LUNCHES
IRS990/OtherExpensesGrp/ProgramServicesAmt0216901
IRS990/OtherExpensesGrp/ProgramServicesAmt175090
IRS990/OtherExpensesGrp/ProgramServicesAmt231641
IRS990/OtherExpensesGrp/ProgramServicesAmt312927
IRS990/OtherExpensesGrp/TotalAmt0216901
IRS990/OtherExpensesGrp/TotalAmt175090
IRS990/OtherExpensesGrp/TotalAmt231641
IRS990/OtherExpensesGrp/TotalAmt312927
IRS990/OtherLiabilitiesGrp/BOYAmt02019293
IRS990/OtherLiabilitiesGrp/EOYAmt02457279
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08107
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08107
IRS990/OtherRevenueTotalAmt08107
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06394
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0424612
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02464278
IRS990/OtherSalariesAndWagesGrp/TotalAmt02895284
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0639
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042470
IRS990/PayrollTaxesGrp/ProgramServicesAmt0246475
IRS990/PayrollTaxesGrp/TotalAmt0289584
IRS990/PensionPlanContributionsGrp/FundraisingAmt0102
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06763
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039248
IRS990/PensionPlanContributionsGrp/TotalAmt046113
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt045825
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0303005
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035433
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057416
IRS990/PrincipalOfficerNm0JOSEPH SCIAME
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/Desc1AFTER SCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06589872
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt148958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06589872
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt148958
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0365675
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0152
IRS990/PYOtherExpensesAmt02692920
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04808395
IRS990/PYRevenuesLessExpensesAmt0-588368
IRS990/PYSalariesCompEmpBnftPaidAmt03069670
IRS990/PYTotalExpensesAmt05762590
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05174222
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0418343
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06638830
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02488
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0245574
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0221055
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0250285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0471340
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06743768
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01486569
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0321235
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01807804
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt079845
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt175088
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0167591
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt097269
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0264860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02457279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07162111
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE THAN LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE SCHOOL HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01875215
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0154933
IRS990ScheduleD/TotalExpensesPerForm990Amt06743768
IRS990ScheduleD/TotalLiabilityAmt02457279
IRS990ScheduleD/TotalRevenuePerForm990Amt07162111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07162111
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06743768
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WE INCLUDE DISCLAIMERS ON OUR APPLICATION PACKET TO PARENTS. IT IS IN OUR SCHOOL'S CHARTER AND WE ALSO DISCLOSE THIS DISCLAIMER ON OUR SCHOOL WEBSITE. THE SCHOOL DOES NOT DISCRIMINATE AGAINST ANY STUDENTS, PARENTS, GUARDIANS, EMPLOYEES, ASSOCIATIONS, PARTNERSHIPS OR SUPPORTERS BASED ON NATIONAL ORIGIN, ETHNICITY, GENDER, OR DISABILITY OR ANY OTHER GROUND THAT WOULD BE UNLAWFUL IF DONE BY ANY OTHER PUBLIC SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt14A) THE SCHOOL MAINTAINS RACIAL COMPOSITION OF STUDENT BODY NOT OF FACULTY AND ADMINISTRATIVE STAFF. 4B) THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDING INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOSHUA MORALES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER ACTING EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0168000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE SCHOOL ENTERED INTO AN AGREEMENT WITH ANTARES VENTURE SOLUTIONS TO PROVIDE PROFESSIONAL SERVICES. JOSHUA MORALES, IS THE CHIEF EXECUTIVE OFFICER AND OWNER OF ANTARES VENTURES SOLUTIONS AND FORMER ACTING EXECUTIVE DIRECTOR OF THE SCHOOL. THE AGREEMENT WAS FOR PROFESSIONAL SERVICES TO BE PROVIDED BY JOSHUA MORALES IN HIS ROLE AS THE ACTING EXECUTIVE DIRECTOR OF THE SCHOOOL. THIS AGREEMENT IS REVIEWED ANNUALLY AND MAY BE RENEWED BY THE SCHOOL'S BOARD OF TRUSTEES.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY MANAGEMENT. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL THE BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABLE DATA IS USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,694,826
Liabilities
$3,478,410
Net assets
-$783,584
Revenue
$7,162,111
Expenses
$6,743,768
Net income
$418,343
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.83$4.51$5.32$22.7$18.2$4.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.13$6.33$0.80$16.6$16.0$0.62
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.71$6.53$0.18$15.3$15.0$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.16$4.33$0.16$14.7$15.1$0.35
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$3.94$0.18$13.1$13.7$0.57
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.32$3.57$0.75$12.2$11.9$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.09$3.58$0.51$10.7$10.1$0.55
2015Detailed filing. Detailed filing data is available for this year.$3.24$3.28$0.04$8.97$8.23$0.75
2014Detailed filing. Detailed filing data is available for this year.$2.69$3.48$0.78$7.16$6.74$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$3.25$1.20$5.76
Peer Organizations

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